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Economic Outlook

With a population of 33 million, Central Java is Indonesia’s third most populated province. This provides an abundant local source of young and skilled manpower. The population is largely concentrated in urban areas along the northern coast near where Kendal is located. Semarang, the capital and largest city of Central Java, offers a good living environment, with international standard hotels, shopping malls, housing, schools, golf courses, supermarkets and many other amenities.

Indonesia, Southeast Asia’s largest economy, grew by around 5.3% in 2014, driven by strong investment and domestic consumption, making it one of the most attractive investment destinations. (Source: Indonesia Investment Coordinating Board)

As for Central Java, its economic growth ranged from 5.5% to 6.0% per year over the last five years, which is in tandem with Indonesia’s GDP growth. Despite the economic crisis in 2009, it was able to attain a growth of 5.2%. In the second quarter of 2013, Central Java’s economy grew by 6.3% (year-on-year). (Annual Growth Rate of Central Java compared to Indonesia)

  • 2014 FDI into Central Java (by country)